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ByAnngelli Abenes
Posted on
In this detailed guide, we’re going to dive into everything you need to know about getting an FHA loan in Montana, especially if you’re looking for a way to buy a home with a small down payment, minimal to no closing costs, even if your credit isn’t perfect, your credit score’s on the lower side,…
ByAnngelli Abenes
Posted on
Struggling with student loan debt can often feel like attempting to run a marathon with a heavy backpack, particularly when you want to purchase your own home. Adding car payments on top of student loans makes your budget tight, and it all plays a big part in calculating your mortgage debt-to-income (DTI) ratio. This ratio…
ByAnngelli Abenes
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Government and conventional loans require a mandatory waiting period after bankruptcy. Non-QM loans one day out of bankruptcy does not have waiting period requirements. However, a 30% down payment is required.
ByAnngelli Abenes
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When you’re looking at buying a fixer-upper, you might come across the term 203k mortgage loans. If you want to buy a home that needs some TLC, the Federal Housing Administration offers great options. In this updated guide, we’ll break down the types of 203k mortgage loans. We will explain their benefits. And we will…
ByAnngelli Abenes
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Today, our blog post will explore the FHA Chapter 13 Manual Underwriting Guidelines in detail. If you’re in the middle of a Chapter 13 bankruptcy or have been out of one for less than two years, this is for you. We want to make sure you’re armed with the most up-to-date and understandable information out…
ByAnngelli Abenes
Posted on
If you are considering qualifying for FHA loan after short sale, know you’re not alone. Many people find themselves in your shoes, wondering if there’s a way to bounce back and secure an FHA loan. The encouraging news is that getting approved for an FHA loan after a short sale is achievable. However, there are…
ByChad Bush
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This guide guide covers how home prices are increasing despite higher mortgage rates. All indicators point to a housing bubble. The real estate boom we have experienced since 2019 is like no other housing explosing since the housing market peaked in 2005-06. HUD and the FHFA have increased loan limits for eight years in a…
ByChad Bush
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This article will discuss the California Housing Market Forecast for homebuyers of primary owner-occupant homes, second homes, investment homes, and commercial properties. California is the third-largest state in the United States. The state has the largest population of any state. With a population of 39.5 million, the area comprises 163,696 square miles (423,970 km2). Los…
ByAnngelli Abenes
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Buying a house is a big deal, and there’s a lot you need to check to make sure you’re making a smart choice. One important thing to look at is septic inspections on home purchases. This is especially important if the house has its own system for dealing with wastewater. This guide is here to…
ByAnngelli Abenes
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Borrowers who have credit scores under 620 FICO need a lower debt to income ratio to get an approve/eligible per automated underwriting system.
ByAnngelli Abenes
Posted on
The Department of Veterans Affairs has lowered the maximum loan to value on cash-out refinance VA loans from 100% LTV to 90% LTV. This was brought on by the VA due to the booming housing market nationwide. HUD, the parent of FHA, also lowered the cash-out loan to value on FHA loans from 85% to 80% LTV.
ByAnngelli Abenes
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Are you feeling overwhelmed managing several debt payments every month? If your home doesn’t hold much value but you’re looking for an easy way to combine your debts, a NON-QM 95% LTV debt Consolidation Refinance is what you need. This guide is here to make it simple for you to get all the details about…
ByAnngelli Abenes
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In this blog, we will discuss the rules for getting an FHA loan in Maryland when paying back debt under Chapter 13 Bankruptcy. If you’re buying a house or already own one, you can still qualify for an FHA loan even if you’re in the middle of your repayment plan, approved by a trustee. You…
ByAnngelli Abenes
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Today, an FHA cashout refinance mortgage loan can be a great option if you own a home and want to improve your financial situation. Let’s break down what this is all about, including its perks, who can get it, how to apply, the interest rates, the terms, and everything else you might want to…
ByAnngelli Abenes
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A cash-out refinance mortgage allows homeowners to use the value they’ve built up in their house. It means getting a new mortgage bigger than the one you already have, and you get the extra money in cash. This guide will show you all you need to understand about cash-out refinance mortgages in 2024. You’ll learn…
ByAnngelli Abenes
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Are you looking for a big loan while running your own business? You’re in the right spot. Getting a big mortgage, called a jumbo mortgage, can be tough without regular paychecks like other workers get. Right after the 2008 Real Estate and Credit Meltdown, self-employed home buyers had a difficult time trying to qualify for…
ByAnngelli Abenes
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If you’re considering buying a house and need a loan, getting the lowdown on the main types of loans is super important. Let’s talk about the difference between conventional loans versus FHA loans. People in the United States consider these two main options when they need money to buy a home. Each type of loan…
ByAnngelli Abenes
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Many people reestablish themselves sooner than others after bankruptcy and foreclosure. These folks can qualify for a mortgage sooner than the mandatory waiting period on government and conventional loans. Gustan Cho Associates has non-QM loans one day out of bankruptcy and foreclosure with a 30% down payment.
ByAnngelli Abenes
Posted on
Buying a home represents a significant achievement in one’s life that many high school graduates might view as somewhat of an elusive dream, particularly given their limited work experience at this stage. However, armed with the right information and insightful guidance, even those freshly out of high school can skillfully navigate the mortgage process. This…
ByAnngelli Abenes
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Buying foreclosure can be a smart move if you want to own a property for less than its market rate. The key to maximizing this opportunity is pairing it up with the advantages of an FHA 203k renovation loan. This comprehensive guide is designed to help you get familiar with the ins and outs of…
ByAnngelli Abenes
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Navigating a Seller’s Market When Buying a Home When you are interested in buying a home in a sellers market, you’re stepping into a highly competitive arena. Imagine a situation where there are a lot more people looking to buy houses than there are houses for sale. This scenario drives up the prices of homes…
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